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California Insurance Enters Rugged 2021 Legislative and Regulatory Terrain | Manatt, Phelps & Phillips, LLP


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California lawmakers proposing changes in the state’s insurance laws face their first significant hurdles in the next two weeks. These bills must be set, heard and passed by the Insurance Committee in their house by May 7 (or sooner) to meet house of origin deadlines or risk becoming a two-year bill meaning the bill will not come up for consideration again until 2022. The California Department of Insurance (CDI), the state’s primary insurance regulator, is also commencing its own review of new regulatory proposals, making this and the next few months a particularly important time for California’s insurers. Here Manatt provides a snapshot of various insurance policy proposals that will be at the forefront of legislative and regulatory deliberations this year. ....

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Connecticut to launch $150 million fund to help businesses


Connecticut to launch $150 million fund to help businesses
By SUSAN HAIGH and PAT EATON-ROBBMay 6, 2021 GMT
A new $150 million, multi-year initiative to invest in Connecticut businesses, with a major focus on fledgling small businesses located in communities hit hard by the COVID-19 pandemic, was unveiled on Thursday.
The Department of Economic and Community Development hopes the private sector will match that funding and co-invest in entrepreneurs, small businesses and start-ups, Commissioner David Lehman said.
“We think there’s a real opportunity to make this initiative even larger and have the state drive it, but with a significant amount of co-investment capital from corporations and philanthropists,” Lehman said. ....

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Connecticut to launch $150 million fund to help businesses


Connecticut to launch $150 million fund to help businesses
By Susan Haigh and Pat Eaton-Robb
The Associated Press
A new $150 million, multi-year initiative to invest in Connecticut businesses, with a major focus on fledgling small businesses located in communities hit hard by the COVID-19 pandemic, was unveiled on Thursday.
The Department of Economic and Community Development hopes the private sector will match that funding and co-invest in entrepreneurs, small businesses and start-ups, Commissioner David Lehman said.
“We think there’s a real opportunity to make this initiative even larger and have the state drive it, but with a significant amount of co-investment capital from corporations and philanthropists,” Lehman said. ....

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